Bank of New York Mellon Corp cut its position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,548 shares of the industrial products company’s stock after selling 3,117 shares during the period. Bank of New York Mellon Corp owned 0.50% of Global Brass and Copper worth $3,703,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Global Brass and Copper by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 224,510 shares of the industrial products company’s stock valued at $6,859,000 after buying an additional 1,060 shares during the last quarter. Rhumbline Advisers raised its position in shares of Global Brass and Copper by 3.3% in the second quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after buying an additional 765 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Global Brass and Copper by 388.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock valued at $137,000 after buying an additional 3,574 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Global Brass and Copper by 23.5% in the second quarter. Victory Capital Management Inc. now owns 34,686 shares of the industrial products company’s stock valued at $1,059,000 after buying an additional 6,611 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Global Brass and Copper by 60.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,720 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 5,523 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Global Brass and Copper Holdings Inc (BRSS) opened at $33.25 on Thursday. Global Brass and Copper Holdings Inc has a 12-month low of $28.10 and a 12-month high of $39.85. The firm has a market cap of $740.35, a PE ratio of 13.80 and a beta of 0.47. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.00 and a current ratio of 3.26.

Global Brass and Copper (NYSE:BRSS) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Global Brass and Copper had a net margin of 3.61% and a return on equity of 47.75%. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $376.00 million. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities research analysts anticipate that Global Brass and Copper Holdings Inc will post 2.47 EPS for the current year.

Several research firms recently issued reports on BRSS. Zacks Investment Research cut shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, BidaskClub upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 13th.

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Global Brass and Copper Company Profile

Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.

Institutional Ownership by Quarter for Global Brass and Copper (NYSE:BRSS)

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